The Graph Shown in the Figure Shows the Results of Measurements

question 71

Short Answer

The graph shown in the figure shows the results of measurements of the dc current through a circuit device for various potential differences across it. Assume that all the numbers shown are accurate to two significant figures. What is the resistance of this device?

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and insurance, remaining constant regardless of the business activity.

AVC

Average Variable Cost is the total variable costs divided by the quantity of output, representing the variable cost per unit of output.

MC = MR

An economic principle stating that to maximize profits, firms should produce up to the point where marginal cost equals marginal revenue.

MC = MR

The principle that profit maximization occurs when a firm's marginal cost (MC) equals its marginal revenue (MR).